Global High Fibre Snacks Market Overview
High Fibre Snacks Market Size was estimated at 33.56 (USD Billion) in 2022. The High Fibre Snacks Industry is expected to grow from 35.4(USD Billion) in 2023 to 57.2 (USD Billion) by 2032. The High Fibre Snacks Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2023 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key High Fibre Snacks Market Trends Highlighted
The Global High Fibre Snacks Market is poised for significant growth in the coming years, driven by rising consumer demand for healthier and more convenient food options. Several key market drivers are contributing to this growth, including the increasing prevalence of chronic diseases such as obesity, diabetes, and heart disease, which has led to heightened awareness about the importance of dietary fiber. The market is also driven by the growing popularity of plant-based diets and the increasing emphasis on gut health. Emerging trends in the high-fiber snack space include the increasing availability of innovative and flavourful products, the growing demand for clean-label and minimally processed snacks, and the increasing penetration of e-commerce platforms.
High Fibre Snacks Market Drivers
Increasing Health Consciousness
The Main Reasons for High Fibre Snacks Popularity Firstly, consumers are more and more concerned with the problem of a healthy diet. Fibre is able to provide a number of benefits and enhance people's diets in a convenient and delicious way. As a vital nutrient necessary for digestion, weight management and blood sugar control, fiber can also help to set the risk of such chronic diseases as heart disease, stroke and type 2 diabetes. Secondly, the tremendous demand for such products is influenced by a number of factors.Unfortunately, nowadays, people are more likely to overeat and become obese. Furthermore, the fact of population aging should also be mentioned. What is more, many consumers take into consideration the link between diet and Health. That is why the future of the Global High Fibre Snacks Market Industry is very promising.
Expansion of the Food and Beverage Industry
Another factor that is propelling the growth of the Global High Fibre Snacks Market Industry is the expansion of the food and beverage industry. The food and beverage industry is always developing new products to meet the changing requirements of customers, and high-fiber snacks are part of this trend. A large number of food and beverage companies are coming up with new high-fiber snacks in various format groups, such as bars, chips, cookies, and crackers.In addition, these high-fiber snacks are further fortified with minerals, vitamins, and antioxidants, making it easy for consumers to eat a variety of nutrients on the go.
Growing Demand for Convenience Foods
Convenience is also a major reason why people are increasingly opting for high-fiber snacks. Today, when life is busier than ever, and people have multiple priorities and time constraints simultaneously, the ability to grab a snack that is nutritious, filling, and delicious is very appealing. People want to have other options apart from unhealthy fast food or pre-packaged snacks, and high-fiber snacks fill the gaps wonderfully.
High Fibre Snacks Market Segment Insights
High Fibre Snacks Market Fibre Source Insights
Introduction The Global High Fibre Snacks Market is segmented by fiber source into whole grains, fruits and vegetables, legumes, nuts and seeds, and inulin and oligofructose. The whole grain segment held the largest market share in 2023, accounting for over 35% of the Global High Fibre Snacks Market. The reason for this development is the increased focus of consumers on whole grain products due to the perceived health benefits. Such snacks have been associated with improved digestion, reduced cholesterol levels, and a decreased risk of chronic diseases.Additionally, the availability of products such as whole wheat crackers, granola bars, and breakfast cereals has been increasing. The segment of fruits and vegetables is another prominent one, with a market share of over 25% in 2023. As more consumers opt for healthy and convenient snacking, the demand for such foods increases. Furthermore, they are a natural source of dietary fiber, and their consumption has been attributed to various health benefits. For example, the fiber contained in fruits and vegetables promotes good digestion, reduces inflammation, and well as the risk of certain types of cancer.The availability of dried fruits, fruit snacks, chips and veggie sticks has been on the rise. Legumes, nuts, and whey represent a significant portion of high-fibre snacks, with a combined market share accounting for over 20% in 2023. The increasing popularity of plant-based diets and consumer awareness of the health benefits of legumes, nuts, and whey have been the primary reasons for growth. Last but not least, inulin and oligofructose represent emerging segments, which will be discussed in turn. Digestive Health Both components are prebiotics, i.e.They serve as food for beneficial bacteria that live in the intestines. At the same time, they suppress the growth of harmful microbes. Overall, they promote the feeling of being full and reduce calorie consumption.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
High Fibre Snacks Market Product Type Insights
The Product Type segment of the Global High Fibre Snacks Market is categorized into Breakfast Cereals, Nutrition Bars, Fruit Snacks, Vegetable Snacks, and Other High-Fibre Snacks. In 2023, Breakfast Cereals held the largest market share, accounting for approximately 35% of the Global High Fibre Snacks Market revenue. Nutrition Bars are projected to witness the fastest market growth during the forecast period, owing to their convenience and portability. Fruit Snacks are expected to continue growing steadily, driven by increasing health consciousness among consumers.Vegetable Snacks, though a niche segment, are gaining popularity due to their high fiber and nutrient content. Other High-Fibre Snacks, which include trail mixes, popcorn, and whole-grain crackers, contribute a significant share to the market and are expected to maintain a steady growth rate. The Global High Fibre Snacks Market segmentation provides insights into the diverse product offerings and preferences of consumers, enabling manufacturers to tailor their strategies accordingly.
High Fibre Snacks Market Distribution Channel Insights
Supermarkets and Hypermarkets dominated the Global High Fibre Snacks Market in 2023, accounting for over 40% of the market revenue. These channels offer a wide variety of high-fiber snacks, including bars, cereals, and cookies, and cater to a large customer base. Convenience stores are also gaining popularity due to their convenient locations and extended hours of operation. Online retailers are witnessing significant growth as consumers increasingly purchase their snacks online for convenience and access to a wider range of products. Health food stores continue to be important distribution channels for high-fiber snacks, as they offer a specialized selection of healthy and organic options.Other distribution channels, such as vending machines and specialty stores, contribute to the overall market growth.
High Fibre Snacks Market Target Audience Insights
The Global High Fibre Snacks Market is segmented into various target audience groups, including health-conscious consumers, fitness enthusiasts, vegetarians and vegans, individuals with dietary restrictions, and children and adolescents. Each segment presents unique opportunities for market growth. Health-conscious consumers are increasingly seeking nutritious and convenient snack options, driving demand for high-fiber snacks. Fitness enthusiasts prioritize protein and fiber intake, making high-fiber snacks an ideal choice for their active lifestyles.Vegetarians and vegans rely on plant-based sources of fiber, making high-fiber snacks a crucial part of their diets. Individuals with dietary restrictions, such as gluten intolerance or allergies, find solace in high-fiber snacks that cater to their specific needs. Children and adolescents require adequate fiber intake for healthy growth and development, presenting a vast market opportunity for high-fiber snacks tailored to their preferences.
High Fibre Snacks Market Packaging Type Insights
The packaging type segment of the Global High Fibre Snacks Market is classified into single-serve packs, multi-serve packs, bulk packs, recyclable packaging, and biodegradable packaging. Among these, single-serve packs held the largest market share in 2023, owing to the increasing popularity of on-the-go snacks and the growing demand for convenient packaging options. Multi-serve packs are expected to witness significant growth in the coming years due to their cost-effectiveness and suitability for families and group gatherings. Bulk packs cater to the needs of businesses, institutions, and bulk buyers and are expected to grow steadily.Recyclable and biodegradable packaging options are gaining traction due to rising environmental concerns and government regulations promoting sustainable packaging practices. The Global High Fibre Snacks Market revenue from recyclable packaging is projected to reach USD 5.2 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period.
High Fibre Snacks Market Regional Insights
The regional segmentation of the Global High Fibre Snacks Market offers valuable insights into the market's growth dynamics across different regions. North America is projected to hold a significant share of the market, driven by increasing health consciousness and demand for convenient and nutritious snacks. Europe is another key region, with a growing focus on healthy eating habits and the presence of major players in the industry. The APAC region is expected to witness substantial growth, fueled by rising disposable incomes and changing lifestyles.South America and MEA are emerging markets with untapped potential, presenting opportunities for market expansion. These regional insights are crucial for companies to tailor their strategies and target specific markets effectively.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
High Fibre Snacks Market Key Players And Competitive Insights
High Fibre Snacks Market industry major players adopt various growth strategies to expand their market presence. These strategies include product innovations, partnerships, acquisitions, and expansions. For instance, in 2023, General Mills acquired TNT Crust, a leading provider of high-fiber crusts, to solidify its place in the high-fiber snacks segment. Leading High Fibre Snacks Market players are investing in research and development to develop and launch new products that can meet the evolving needs of consumers for healthy and convenient snacks.The leading High Fibre Snacks Market competitor is Kellogg's, offering a broad range of high-fiber snacks under its Special K and Fiber Plus brands. With a strong distribution network, Kellogg's can reach a broad consumer base. Its focus on innovation in terms of products and consumption is in line with the health-centric trend in the high-fiber snacks segment, ensuring that it retains its position as the leader in that market. Another major High Fibre Snacks Markets competitor is PepsiCo. The company's Quaker Oats and Tropicana brands offer a range of high-fiber snacks. PepsiCo has a global presence that is not available to some of its competitors, thus giving it a global edge. The company's quest for Health and well-being has also contributed to its success in the high-fiber snacks segment.
Key Companies in the High Fibre Snacks Market Include
- Grupo Bimbo S.A.B. de C.V.
- ITC Limited
- Mars, Incorporated
- Barilla G. e R. Fratelli S.p.A.
- Kellogg Company
- General Mills, Inc.
- PepsiCo, Inc.
- Archer Daniels Midland Company
- Unilever PLC
- Nestle S.A.
- Associated British Foods plc
- The Kraft Heinz Company
- Campbell Soup Company
- Danone S.A.
- Mondelez International
High Fibre Snacks Market Industry Developments
The global high-fiber snacks market is projected to reach a valuation of USD 57.2 billion by 2032, expanding at a CAGR of 5.48% during the forecast period 2024-2032. The rising health consciousness among consumers and the increasing prevalence of lifestyle diseases such as obesity and diabetes are key factors driving market growth. Product innovation and new launches by major players are also contributing to the market's expansion. For instance, in 2023, Mondelez International introduced a new range of high-fiber cookies under its Belvita brand. Additionally, the growing adoption of plant-based diets is creating opportunities for the high-fiber snacks market, as plant-based ingredients are often rich in fiber.
High Fibre Snacks Market Segmentation Insights
-
High Fibre Snacks Market Fibre Source Outlook
- Whole Grains
- Fruits and Vegetables
- Legumes
- Nuts and Seeds
- Inulin and Oligofructose
-
High Fibre Snacks Market Product Type Outlook
- Breakfast Cereals
- Nutrition Bars
- Fruit Snacks
- Vegetable Snacks
- Other High-Fibre Snacks
-
High Fibre Snacks Market Distribution Channel Outlook
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
- Health Food Stores
- Other Distribution Channels
-
High Fibre Snacks Market Target Audience Outlook
- Health-Conscious Consumers
- Fitness Enthusiasts
- Vegetarians and Vegans
- Individuals with Dietary Restrictions
- Children and Adolescents
-
High Fibre Snacks Market Packaging Type Outlook
- Single-Serve Packs
- Multi-Serve Packs
- Bulk Packs
- Recyclable Packaging
- Biodegradable Packaging
-
High Fibre Snacks Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
33.56(USD Billion) |
| Market Size 2023 |
35.4(USD Billion) |
| Market Size 2032 |
57.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.48% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Grupo Bimbo S.A.B. de C.V., ITC Limited, Mars, Incorporated, Barilla G. e R. Fratelli S.p.A., Kellogg Company, General Mills, Inc., PepsiCo, Inc., Archer Daniels Midland Company, Unilever PLC, Nestle S.A., Associated British Foods plc, The Kraft Heinz Company, Campbell Soup Company, Danone S.A., Mondelez International |
| Segments Covered |
Fibre Source, Product Type, Distribution Channel, Target Audience, Packaging Type, Regional |
| Key Market Opportunities |
Increasing consumer demand for healthier snack options Growing prevalence of digestive health issues The rising popularity of plant-based diets Technological advancements in fiber extraction and fortification Expanding ecommerce channels for convenient purchasing |
| Key Market Dynamics |
Rising health consciousness Increasing demand for convenient snacks Growing popularity of plant-based diets Technological advancements Government initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global High Fiber Snacks Market had an overall valuation of 35.4 billion USD in 2023.
The Global High Fiber Snacks Market is expected to have an overall valuation of 57.2 billion USD in 2032.
The Global High Fiber Snacks Market is expected to grow at a CAGR of 5.48% from 2023 to 2032.
North America and Europe are expected to be the largest markets for high-fiber snacks, accounting for a significant share of the global market.
High-fiber snacks are increasingly being used for weight management, digestive Health, and overall well-being, driving the growth of the market.
Some of the key competitors in the Global High Fiber Snacks Market include Kellogg's, General Mills, PepsiCo, and Mondelez International.
Key trends influencing the Global High Fiber Snacks Market include the rising demand for healthy and convenient snacks, the growing awareness of the benefits of fiber, and the increasing popularity of plant-based snacks.
Challenges faced by the Global High Fiber Snacks Market include the high cost of raw materials, the limited availability of certain ingredients, and the intense competition in the market.
Opportunities for growth in the Global High Fiber Snacks Market include the expansion into emerging markets, the development of innovative products, and the increasing demand for healthy and convenient snacks.
Key factors driving the growth of the Global High Fiber Snacks Market include the rising health consciousness among consumers, the increasing prevalence of chronic diseases, and the growing demand for natural and organic products.
